Rental Rates: Apples to Apples
The best deal the NY Times found in its recent survey of rentals around the city was $1,100 for an L-shaped one-bedroom in Victorian Flatbush for $1,100. In Bed Stuy, that $1,100 didn’t go quite as far, requiring a prospective tenant to settle for a bathroom in a closet. Looking at all the different types…
The best deal the NY Times found in its recent survey of rentals around the city was $1,100 for an L-shaped one-bedroom in Victorian Flatbush for $1,100. In Bed Stuy, that $1,100 didn’t go quite as far, requiring a prospective tenant to settle for a bathroom in a closet. Looking at all the different types of apartments is like comparing apples and oranges though. A better approach, we think, would be to use a more consistent yard-stick: The garden-level floor-through of a brownstone. Obviously, these vary in size and shape, but let’s assume a standard front room and back room with a bathroom and kitchen as well as yard access. In Clinton Hill, market rate for this is $1,400 to $1,500 a month. How about other nabes?
What You Can Rent for $1,000 [NY Times]
You could get WAY more than $1400/mo.
How common is backyard access in a ground floor apt? Do Mr and Mrs Brownstoner give backyard access?
For us, center Park Slope near 5th Avenue, $1400/month for approx 760 sf, 16 ft wide, patio but no yard access. We set the price last year, maybe it would fetch more now, not sure.
I meant the apartments were bigger in Brooklyn, but most people know that already.
I rented back in January so the rents might be off a bit. I ended up near the Columbia St. waterfront without yard access for $1450 a month not including utilities. The broker told me it’s 750 sq. feet but most of my friends think it’s larger. It’s also new renovated and rent stabilized, but the landlord just filed for the capital improvement increase, so I think we’ll be looking at about $1550-$1600 or so next year after increases.
I saw a nice 1st floor apartment in Carrol Gardens for $1650 a month but it had fake wood floors (vinyl hardwood – no thanks) and the floor was more than a bit uneven. Plus the kitchen wasn’t nearly as big as the one I ended up with. There was another one I saw for about $1800 in the same nabe but the stairs were windy so I didn’t think we’d get the furniture up and people were still living there and the apartment was a total mess – cigarettes in the toilet, clothes all over and some kind of yellow water in the sink.
Overall, I never saw a one-bedroom in brooklyn for less than the $1450 I ended up with, but I didn’t look too far out from downtown. Plus it was the beginning of January and the housing turnover hadn’t hit its peak yet. However, prices were comparable to the UES and UWS for larger apartments, which is why I ended up in Brooklyn in the end, and happy I chose it.
how is a brownstone floorthru a better yardstick over a 1 bed apt in an apt bldg. this is nyc. more apt bldgs than brownstones. besides, the point of the article is COULD you live in a 1k a month place, not how much are x apts worth?
So many aspects come in to play with rentals. Size, quality, location are just the basics…..Thanks to the high cost of rentals in Park Slope, ( and all over ) I’m seeing more demand for quality flats here in Sunset Park. Quality brownstone flats out here easily rent at $1350.
We pay $1875 for a 17×40 Garden 1BR in PS, 4th St, 5/6 Aves. We have basement storage and a deck. It’s clean and was renovated about 10 years ago.
I agree with anon @ 9:39. The 3rd & 4th floors are better comps. In Bed-Stuy, I’m getting $1,100 for my 3rd floor 1.5 bedrooms floor thru and $1500 for the 2 bedroom on the 4th floor. The premium coming from the gut renovation job that changed the .5 bedroom into a true 2 bedroom with 2 windows in each bedroom on opposite sides. The slope is obvioulsy MUCH different from Bed-Stuy & Clinton Hills w/ respect to rentals.
We rented a 750 squaret foot gut rennovated top floor of our 22 x 35 four story townhouse in cobble hill, between hicks and henry, at the beginning of May for $2200 a month. Apsrtment had totally new floors (5″ wide natural maple” , bathroom and kitchen, and included a washer and dryer in unit. We found the right tenant, but the market is strong. When we were renting, there were less than a dozen other 1 bedrooms in Cobble Hill for rent. The brand new rennovation certainly helped us get top dollar, and we also wanted to do it right because we eventually want to take over the space. Just my 2 cents worth. The renno cost $25k, and we were able to raise the rent by $550/mth.